Cheaper competition for Humira is hitting the market, but savings will depend on your insurance

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Patients who take the autoimmune disease treatment Humira may see some price relief when several lower-cost, biosimilar versions reach the U.S. market in July.

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A biosimilar is a lower-cost version of a biologic that is approved by the Food and Drug Administration after regulators determine that it is highly similar to the original product. It’s not the same as a generic drug, which is a copy of a chemical-based medicine that is easier — and cheaper — to make.

Pharmacy benefits managers, or PBMs, manage prescription drug coverage for insurers, employees and other big clients.Generally, yes, but how that affects a patient will depend on the drug and the coverage. Amgen said in January that it will offer its biosimilar, Amjevita, at prices 5% and 55% below Humira’s list price.This will vary, depending on the PBM and the employer or insurer that designs the coverage.

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